The Bookkeeping Advisory Team LLC

Bookkeeping is the heartbeat of any successful business. It provides a clear snapshot of financial health, enabling informed...

A cash flow statement is a financial statement that provides information about the cash inflows and outflows of a business over a...

In the fast-paced world of business, efficient bookkeeping plays a critical role in the success of a venture. However, managing the...

I often encounter clients who are passionate about their hobbies and are exploring ways to turn their interests into profitable ventures....

In today’s blog, we will cover the advantages and disadvantages of budgeting. Advantages of Budgeting: 1. Financial Discipline –...

In this blog, we will discuss how budgeting can help in the management of your business finances. Here are three major uses of budgeting:...

In the world of business, finances are the lifeblood that keeps everything running smoothly. Every decision, every investment that we...

Starting a business can be an exciting adventure, but it often comes with significant initial expenses. The good news is that many of...

An Accountable Plan is another way of ensuring that all business expenses, incurred by yourself or your staff members, are deducted from...

Expenses that are deductible on your tax returns have to be ordinary and necessary. An ordinary expense is one that is common or...

By looking at your financial statements, you may get a good idea of the absolute sales number over a period of time. To gain a deeper...

I gather from the experience of my clients that you need to invest in professional bookkeeping service when you encounter the following...

As an E-commerce seller, it’s important to know the minimum number of products you need to sell in order to hit the point where your...

Tracking your inventory level is an important component of managing your E-Commerce business. But before we can track our inventory, we...

Having a positive cash flow is very important to the smooth operation and success of your E-Commerce business. Here are a few ways you...

Just like brick and mortar stores, E-Commerce sellers have to collect and pay sales tax. First, determine whether the products you’re...

1. Separate your business and personal expenses Keep separate bank and credit card accounts for your business and personal expenses. The...